China Life Insurance (LFC) Shares Down 5.3%
China Life Insurance Co Ltd (NYSE:LFC) traded down 5.3% on Thursday . The stock traded as low as $13.35 and last traded at $13.36. 1,010,703 shares traded hands during trading, an increase of 58% from the average session volume of 639,445 shares. The stock had previously closed at $14.11.
A number of equities research analysts have weighed in on LFC shares. Goldman Sachs Group cut China Life Insurance from a “neutral” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research upgraded China Life Insurance from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. ValuEngine upgraded China Life Insurance from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Nomura cut China Life Insurance from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 29th. Finally, Bank of America upgraded China Life Insurance from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.93.
The company has a quick ratio of 9.10, a current ratio of 9.10 and a debt-to-equity ratio of 0.06. The company has a market cap of $76.15 billion, a price-to-earnings ratio of 19.81 and a beta of 1.35.
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About China Life Insurance (NYSE:LFC)
China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People's Republic of China. The company operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Business. It offers individual and group life, annuity, accident, and health insurance products, as well as provides pension products.
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